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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 June 2018 - onwards
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Regulation 23H Procedure in relation to the refusal of an application for MMF authorisation

(1) If the FCA proposes to refuse an application made in respect of an AIF for authorisation as an MMF under Article 5 of the MMF Regulation, it must give the applicant a warning notice.

(2) If the FCA decides to refuse an application -

(a) it must give the applicant a decision notice; and

(b) the applicant may refer the matter to the Tribunal.

Comparing proposed amendment...